The two companies didn’t disclose the interest acquired by the French group or the size of the deal.
Bongrain is present in the Romanian market with brands like Apetitio and Caprice des Dieux.
According to a press release, the agreement is in line with Delaco’s development strategy of consolidating market share and expanding into new segments.
The deal is also in line with Bongrain’s plans of further building the business in central and eastern European countries.
The contract was signed on March 2010 and was submitted for the approval of Romanian Competition Council.
Started as a family business in 1996, Delaco is one of the largest cheese makers in Romania with 185 million lei (€50 million) revenues in 2008.
Delaco’s initial business plan included the production of fresh dairies. Starting 2000, Delaco focused on the distribution of cheese and dairy products from Germany, Austria, France and the Netherlands.
Prior to the deal, the shareholders of Delaco were Tudor Comaniciu with 56.17%, his brother Dragos Comaniciu (28%) and two other shareholders, Victor Vartolomei (14.08%) and Romulus Dumitru (1.75%).
In lipsa unui acord scris din partea InternetCorp, puteti prelua maxim 500 de caractere din acest articol daca precizati sursa si daca inserati vizibil linkul articolului Bongrain buys a slice of Delaco.